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He said that he would simply limit the amount of deductions you can take when you have a higher income.

He offered that as an option yes, but he went on to say that it is literally impossible to give specifics on any type of plan right now, because he has to work with both aisles in Congress and in the Senate...there are going to have to be compromises, if he goes in there and just demands his plan be passed you can damn well believe the Dem's will stop the plan with everything they have just like the Republican's stopped Obama's...because honestly it's the right thing to do....their needs to be compromise.

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According to who? Obama says $250,000 is "the rich". I suppose it depends on who you talk to.
My point is that it is very sound economics to reduce rates AND deductions. It should also be revenue neutral. Our complex tax code is making us more and more uncompetitive in the global economy. Obama had a chance to make real tax reform when he had the Congress in his pocket for 2 years.
He NOW says he wants to do all these kinds of things yet me had his chance and didn't make a single proposal for tax simplicity.
You had your shot Uncle Barack and blew it. Next man up!

Admit nothing. Deny everything. Make counter accusations.

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this is the problem lawl, you can't define higher income because it's going to be compromised between democratic and republican representatives before it ever gets to the president, what Romney could say is something like, I will not allow a bill to pass that does not limit the deductions on people making more then 500K a year...but he can not give a number or define high income people because it's not up to him.

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this is the problem lawl, you can't define higher income because it's going to be compromised between democratic and republican representatives before it ever gets to the president, what Romney could say is something like, I will not allow a bill to pass that does not limit the deductions on people making more then 500K a year...but he can not give a number or define high income people because it's not up to him.

So by saying higher income, he is not truly saying anything.

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According to who? Obama says $250,000 is "the rich". I suppose it depends on who you talk to.My point is that it is very sound economics to reduce rates AND deductions. It should also be revenue neutral. Our complex tax code is making us more and more uncompetitive in the global economy. Obama had a chance to make real tax reform when he had the Congress in his pocket for 2 years.He NOW says he wants to do all these kinds of things yet me had his chance and didn't make a single proposal for tax simplicity.You had your shot Uncle Barack and blew it. Next man up!

That's my point. You said he said higher income as if it's a great thing but you don't even know what he means when he says higher, because he doesn't even know. These guy say broad words like lower, higher, middle. And because of the ambiguity of these terms, they aren't actually saying anything worthwhile

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Im surprised that while Obama was talking about job growth Romney didnt mention that Obama hasnt met with his jobs council in months....He also skips Intel reports from around the world. Hes so damn incompetent its sickening. Maybe next debate.

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That's my point. You said he said higher income as if it's a great thing but you don't even know what he means when he says higher, because he doesn't even know. These guy say broad words like lower, higher, middle. And because of the ambiguity of these terms, they aren't actually saying anything worthwhile

I agree with what youre saying but I think Romney has a number in mind, but like Daven said, he doesnt want to promise something he cant keep his word on

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Taxes are based on household incomes and for example, My parents (who live literally down the street from the Place MMB used to live) make over 250K annually.

they are not rich, they have to save for things they want they have to pay bills in portion not full every time...they are far from rich, but they are considered rich by Obama.

and that's not even taking into account that many small business's are taxed under personal income tax rates, if you own your own business and your total income for the year is say 400k (so say you profit perhaps 50-60K) you would be considered rich....I don't know about you, but 50-60k in NYC is not rich in my opinion...they should not be paying 50%+ of their income to the government.

Lower the tax rates creates jobs and increases revenue in one fell swoop, the problem Obama has with it is that it wouldn't be the Federal Government coming in to save everyone...in fact it would be the opposite...and that's totally against his morals and Ideals.

Obama believes the government is there to save everyone.
Romney believes the government is there to help everyone save themselves.

I cant even relate to your family's income, sorry if this comes across ****ish. We live in an area with some of the most outrageous property and school taxes in the northeast, and my family makes nowhere near that. 250k is VERY comfortable....and if people think otherwise, maybe they should rethink lifestyle choices.

And you dont have to explain how taxes and tax brackets work. I get it....lol

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That's my point. You said he said higher income as if it's a great thing but you don't even know what he means when he says higher, because he doesn't even know. These guy say broad words like lower, higher, middle. And because of the ambiguity of these terms, they aren't actually saying anything worthwhile

I'm not disagreeing with you on the fact that the term is broad, but what I'm trying to tell you is that he can not be specific without promising something that is outside of his power.

he can set some guidelines for what he "thinks" is higher income...but in the end it's not for him to decide...it's for republican and democratic congressman and senators to decide.

they will come up with a number (to simplify it lol) for the bill, they will send the bill to Romney/Obama to sign....now it's up to them whether they want to let that pass or not.

the salient point isn't the exact number at which point Obama/Romney thinks someone is rich because their opinion doesn't really matter all that much, the point is what they are planing to do with people who are and/or aren't rich.

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And you dont have to explain how taxes and tax brackets work. I get it....lol

apparently you don't, my mother is going to be forced to quit her job soon even though she doesn't want to because her 60-70k a year puts the household income into a higher tax bracket...that bracket is so much higher that if she chooses not to work...and they drop to the lower bracket...they actually take home more money then if she was working.

and trust me Pizz, 250k is NOT comfortable when you have a family living in NY...it's doable..but far from comfortable.

I'm under the assumption that you understand that in NY 250k a year = somewhere around 100-110k take home for the entire year....Kids+Mortgage+Gas....and just general every day life things like groceries and health care....it all adds up and makes 110K seem uncomfortable for a 5 person family, I'm not saying there aren't people worse off...but a family making between 250-300k in NY is nowhere even remotely close to "rich"

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apparently you don't, my mother is going to be forced to quit her job soon even though she doesn't want to because her 60-70k a year puts the household income into a higher tax bracket...that bracket is so much higher that if she chooses not to work...and they drop to the lower bracket...they actually take home more money then if she was working.

and trust me Pizz, 250k is NOT comfortable when you have a family living in NY...it's doable..but far from comfortable.

especially a small business. 250k before overhead is not a lot at all.